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Shiprocket files updated DRHP to raise Rs 1,100 Cr via fresh issue

EntrackrEntrackr · 1m ago
Shiprocket files updated DRHP to raise Rs 1,100 Cr via fresh issue
Medial

Logistics and supply chain platform Shiprocket has filed an updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its Rs 2,342.35 crore initial public offering (IPO). The IPO includes a fresh issue of equity shares worth Rs 1,100 crore, while existing shareholders and co-founders will offload shares worth Rs 1,242.35 crore through an offer for sale (OFS). According to the UDRHP, the OFS will be led by Lightrock, selling shares worth Rs 258.49 crore. Arvind Ltd and Tribe Capital will offload shares worth Rs 161 crore and Rs 120 crore, respectively. March Capital and Bertelsmann India Investments will also participate in the OFS, cashing out Rs 95 crore and Rs 85.43 crore, respectively. Other participants include 500 startups, Agility Global, AFOS Group, Moore Strategic Ventures, and Sameer Mehta, among others. The co-founders, Gautam Kapoor and Saahil Goel, will also participate in the OFS, offloading shares worth Rs 144 crore each. Vishesh Khurana, another co-founder, will sell shares worth Rs 36.93 crore. Shiprocket plans to use Rs 505 crore from the IPO proceeds to scale its platforms, with Rs 294 crore allocated for marketing and Rs 211 crore to strengthen its technology infrastructure. Additionally, Rs 210 crore will be used for debt repayment, with the remaining proceeds for inorganic growth and general corporate purposes. As of the UDRHP filing, Bertelsmann India Investments is the company's largest shareholder with a 21.32% stake, followed by Tribe Capital with 14.14%. Eternal (formerly Zomato) and Temasek hold 6.85% and 5.29% stakes, respectively. Co-founders Saahil Goel and Gautam Kapoor each own 4.84%, and the ESOP pool accounts for 8.48% of the shareholding. Financially, the Gurugram-based company reported a 15% YoY rise in operating revenue to Rs 942.6 crore in the first six months of FY26. It also narrowed losses by nearly 10% to Rs 38.3 crore. In FY25, Shiprocket's revenue grew to Rs 1,632 crore, with the company becoming EBITDA cash positive at Rs 7 crore, compared to an EBITDA burn of Rs 128 crore in FY24.

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Exclusive: Shiprocket to raise Rs 220 Cr in pre-IPO placement

EntrackrEntrackr · 5m ago
Exclusive: Shiprocket to raise Rs 220 Cr in pre-IPO placement
Medial

Shiprocket is set to raise Rs 220 crore in a pre-IPO placement as part of its upcoming public issue. The logistics and supply chain platform plans to mop up Rs 1,100 crore through a fresh issue, according to regulatory filings accessed by Entrackr. The Temasek-backed company is reportedly targeting an overall issue size of Rs 2,000–2,400 crore, which will also include an offer for sale (OFS). Its board has cleared a special resolution to issue equity shares worth up to Rs 1,100 crore, including the pre-IPO component. The move comes soon after Shiprocket’s confidential DRHP filing with SEBI and the stock exchanges. Media reports suggest the company has roped in Axis Capital, Kotak Mahindra, JM Financial, and BofA Securities as lead bankers for the issue. Founded by Saahil Goel, Gautam Kapoor, and Vishesh Khurana, Shiprocket is a logistics and supply chain platform that enables businesses to streamline shipping through courier integration, real-time tracking, and automated solutions. Shiprocket has raised over $320 million to date and is valued at $1.21 billion. According to the startup data intelligence platform TheKredible, Bertelsmann Nederland B.V. is the largest external stakeholder, followed by Tribe. Zomato, Temasek, LightRock, and PayPal are other notable investors in Shiprocket. During the fiscal year ending March 2024, the company recorded a 21% year-on-year increase in revenue, reaching Rs 1,316 crore, while its losses stood at Rs 595 crore for the same period. It competes with Unicommerce, which recently acquired Shipway, along with other players such as Shipyar, among others.

Capillary Technologies files DRHP; to raise Rs 430 Cr via fresh issue

EntrackrEntrackr · 7m ago
Capillary Technologies files DRHP; to raise Rs 430 Cr via fresh issue
Medial

Capillary Technologies files DRHP; to raise Rs 430 Cr via fresh issue Loyalty management firm Capillary Technologies has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) on Thursday. The IPO includes a fresh issue of equity shares worth Rs 430 crore (approximately $50 million) and an offer for sale (OFS) of 1.83 crore equity shares, according to the DRHP. Earlier this month, the Bengaluru-based firm received the board nod for its planned Rs 2,250 crore or $265 million Initial Public Offering. Capillary Technologies International Pte. Ltd will offload approximately 77.6%, or 1.43 crore shares, of the total OFS. Other participants in the OFS include Ronal Holdings, Trudy Holdings, Filter Capital, and individual shareholders such as Sripathi Venkata Ramana Reddy, Harminder Sahni, Adarsh Reddy, Sudhakar Reddy, Sripathi Damodar Reddy, and Manjunath Nanjaiah. As per the DRHP, Capillary Technologies International Pte Ltd, the promoter, holds a 65.47% stake in the company. Ronal Holdings and AVP Fund (Avataar Ventures) follow with holdings of 7.53% and 5.51%. Trudy Holdings and Filter Capital India own 4.49% and 3.66%, respectively. Capillary Technologies plans to list its shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The IPO will be managed by JM Financial, IIFL Capital, and Nomura Financial Advisory, who are acting as the book-running lead managers. According to the DRHP, the net proceeds from the fresh issue will be utilized for cloud infrastructure costs, research, design, development, and other general corporate purposes. In the previous fiscal year ended March 2025, the company recorded a 14% year-on-year growth in its revenue to Rs 598 crore, up from Rs 525 crore in FY24. It also posted a net profit of Rs 14.1 crore in FY25, compared to a loss of Rs 68.3 crore in FY24.

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